JCPenney enjoyed a heyday in the 1990s, when it was the top catalog retailer in the U.S. Since then it's closed hundreds of stores and laid off thousands of people.. This week, embattled CEO Ron ...

JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis.